COOPERMAN: Four signs that we're entering a bear market

Leon Cooperman, legendary CEO of Omega Investment, divulged four
points he uses to predict the onset of a bear economy during his
appearance on Wall Street Week Sunday
with hosts Anthony Scaramucci and Gary Kaminsky.

Cooperman, who has a rather bullish outlook for 2015, gave his four points
that signal the start of a bear market (which he doesn't see
now):

1. "The Stock
Market smells a recession and starts to decline in
anticipation."

2.“People get
really exuberant — euphoria."

3. And then
there are unpredictable factors, like geopolitical events.

4. The last
point is specific to our current market.“The Fed takes the punch
away from the punch bowl," said Cooperman. Basically saying that
we may see the market turn down when the federal reserve starts
raising interest rates making other assets as attractive as
stocks.

Cooperman
expanded on his final point, saying"If a year from now, the
rates have not gone higher, then you've got a problem.
Because of the inability of the
folks in Washington to get their act together, the entire burden
of dealing with the 2008 economic debacle fell on the shoulders
of the Fed."

While the low rates have been a plus for asset prices, Cooperman
said the bubble is not in the stock market.